Common use of Contract Bonds Clause in Contracts

Contract Bonds. The securities (Performance and Payment Bonds) furnished by the contractor and the surety as a guarantee that the contractor will fulfill the terms of the contract in accordance with the specifications, drawings and other contract documents.

Contract Bonds. The securities (Performance and Payment Bonds) furnished by the contractor Contractor and the surety as a guarantee that the contractor Contractor will fulfill the terms of the contract in accordance with the specifications, drawings and other contract documents.